How do I find the ratio of forclosure sales to regular sales in Mt. Helix? Trying to refi and the appraiser is comping my house to foreclosures.

Asked by Bewildered, 91941 Mon Jun 27, 2011

I feel the appraiser is purposely low-balling the appraisal. The comps she used are primarily foreclosure sales and not close to my house. There are other closer homes selling for higher but in better condition than my house. I understand trying to get an apple to apple comparison but appraisal looks like red apple to green apple comparison.

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Tina Lam, Agent, San Jose, CA
Fri Jul 1, 2011
In the public domain, I find that http://www.redfin.com provides a very good interface to search for sold comps. You can search sales records by 3 months, 6 months, etc. You can download all the sales into excel and do your own counting. They list out whether the sold comps are short sales or not. To weed out REO, you have to do it manual and use the keyword search.

Good luck.
Web Reference:  http://www.archershomes.com/
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Gerard Carney, Agent, Spring Hill, FL
Mon Jun 27, 2011
You are going to have to understand that the appraiser can only appraise to the most recent sales so if there have been more foreclosure sales in you area then you are in a pickle!
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